Fairstone Bank changes Ontario enforcement address

Summary#

Fairstone Bank of Canada says it has changed the Ontario office to which enforcement notices should be sent. The new designated office address is 145 King Street West, Suite 2300, Toronto, Ontario M5H 1J8. The change was filed under the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations.

What it does#

• Updates the official location for service of enforcement notices for the bank in Ontario to 145 King Street West, Suite 2300, Toronto, Ontario M5H 1J8.
• Confirms the change is made in compliance with the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations.
• Does not describe any other operational or policy changes by the bank.

Who's affected#

• People or organizations who need to serve legal or regulatory enforcement documents to the bank in Ontario, such as courts, creditors, regulators, and lawyers.
• Ordinary customers are unlikely to be affected, unless they are personally involved in enforcement proceedings against the bank.
• It is unclear from the notice whether any other provinces or offices are affected.

Why it matters#

• Legal and regulatory notices must be sent to the correct designated office to be valid. Sending documents to the old address could cause delays or missed service.
• This is mainly an administrative update, but it matters to anyone who files enforcement notices against Fairstone Bank of Canada in Ontario.